Zhaojin Mining Targets Gold Mine Acquisitions in Africa and Other Regions

China-based Zhaojin Mining Industry Co. plans to acquire new mines in Africa and other regions to expand its overseas gold assets. The company's Investment Director, Xu Jianzhuo, confirmed this goal in an interview. The move comes at a time when merger and acquisition (M&A) activity in the global gold mining sector is accelerating. Zhaojin Mining is strategically focusing on overseas assets to diversify its current portfolio and sustain growth. Xu stated that the company is particularly interested in gold deposits in Africa but is also evaluating opportunities in other regions. This step reflects the global expansion efforts of Chinese mining firms. The company's expansion plan comes despite fluctuations in gold prices and industry competition. Zhaojin Mining aims to finance these acquisitions using its current cash flow and financial resources. Xu did not provide specific details on the size or timing of potential deals. M&A activity in the global gold mining sector has increased in recent years as companies seek to boost reserves and reduce costs. Zhaojin Mining's move is seen as part of a strategy by Chinese firms to play a more active role in the international market. This is not investment advice.